Cummins expansion in Columbus
Cummins Inc. plans to build a four-story, 100,000-square-foot building as part of a revitalization of the old Commons Mall in Columbus. The project calls for demolishing much of the mall and replacing…
Home » Search
Search Results
13980 results for 'articles'
To refine your search through our archives use our Advanced Search
Spending your government check
If you pay taxes, President Bush and leaders in Congress have agreed to send you at least $600 in the
hope youâ??ll spend it and pump more life into the economy.
They have their wishes, but Americans are independent sorts.
What would…
Bettenhausen estate wins appeal against Godby
The brother of former race team owner Tony Bettenhausen, who died in a plane crash nearly eight years ago, has won an appeal of a court case involving ownership of a related business. The Indiana Court of Appeals this month reversed a previous decision awarding business associate Thomas Godby full ownership of 109 Gasoline Alley […]
Warner buys Metro fabrication division
Noblesville-based Warner Bodies Inc. said today that it has acquired the fabrication division of Metro Products, an Indianapolis company that makes a variety of products, for $850,000. The 15 workers at Metro have been asked to join Warner, a longtime maker of truck bodies.
New students, locations propel ITT profit
ITT Educational Services Inc. reported today that fourth-quarter profit shot up 18.6 percent, to $48.5 million, on rising enrollment and the opening of new locations. The Carmel-based operator of technical schools said revenue was $230.4 million, up 11.7 percent from the year-ago period. The $1.20 per share in profit exceeded the $1.17 anticipated by analysts […]
Plainfield retail spurs plans in Terre Haute
Terre Haute is losing shoppers to Plainfield and Evansville, so two developers want to attract more stores to the western Indiana city. To make room for the stores, the Terre Haute-based developers, Thompson Thrift and Gibson Development, want land now occupied by the Wabash Valley Fairgrounds, according to the Tribune-Star. In exchange, the fairgrounds would […]
Slow economy throws Celadon profit into skid
Earnings of Celadon Group plunged 72 percent in the quarter ended Dec. 31, the Indianapolis-based trucking company reported yesterday, reflecting a continued downturn in the industry. Net income of $1.7 million was down from $6.1 million for the same quarter the previous year. Earnings per share fell to 8 cents, from 26 cents a year […]
UPDATE: Cummins stock leaps
Shares of Cummins Inc. shot up more than 6 percent late this afternoon after the Columbus, Ind., diesel engine maker announced it would add 500 engineering and other professional positions in the next two years. The stock closed at $45.33, up $2.71 a share, then edged up 13 cents more in after-hours trading. The 500 […]
Blame Daniels for the economy?
At this point four years ago, now-Gov. Mitch Daniels had started outlining a platform based on revitalizing
the economy.
The economy had been headed south since the â??70s and had taken another beating early in the decade. Voters
were only too…
BREAKING: Cummins creates 500 jobs in Columbus
Columbus diesel engine maker Cummins Inc. announced today it will add 500 jobs near its downtown headquarters in the next two years. The positions will be engineers and other professional employees. They will be located in a 100,000-square-foot building under construction in the Commons Mall redevelopment project. Cummins currently has 5,500 workers in Columbus, plus […]
When factories close, what’s next?
A Bloomington developer is planning a $20-million revival of the former Thomson Consumer Electronics plant on the city’s near east side. The 50-acre Sherman Park property has become an eyesore since the…
Live … from the Toby
The Indianapolis Museum of Art’s Tobias Theater will be renovated and reopened thanks to a $1 million gift from the Randall and Marianne Tobias.
Announcements of specific programs for “The Toby” are still forthcoming, but IMA reps say it will be…
Miles to lead Super Bowl bid
Central Indiana Corporate Partnership CEO Mark Miles will lead the city’s attempt to land the Super Bowl in 2012, according to a source familiar with the matter. The announcement of Miles’ selection is expected this week. The source, who asked not to be named, said Miles will oversee initial research as well as assembling the […]
Water firm to add 200 jobs at Mount Comfort
Freije Treatment Systems Inc. plans to move its headquarters and product development to Mount Comfort Industrial Park east of Indianapolis from the Eagle Creek Park area. The expansion is expected to boost the company’s employment from a dozen to 200 by 2010. Freije, based at 6450 Guion Road, develops and sells salt-free water softeners for […]
$1M Tobias gift to help theater
Randall and Marianne Tobias have donated $1 million to the Indianapolis Museum of Art to renovate the museum’s 604-seat namesake theater. The newly polished venue will open this fall and IMA plans to screen films and bring in speakers on topics dear to the museum’s new focus on design and the interaction of art and […]
Investor wants Steak n Shake board ousted
A Texas-based investor said in a letter to Steak n Shake Co. shareholders today that he wants to replace the majority of the company’s board, halt wasteful spending and focus on franchising. The letter was written by Sardar Biglari, a San Antonio hedge fund manager whose investment group owns 8 percent of Indianapolis-based Steak n […]
BioCrossroads gets $2.5M grant from Fairbanks
BioCrossroads, the not-for-profit that promotes life sciences in the state, has received a $2.5-million grant from Indianapolis-based Richard M. Fairbanks Foundation Inc. to underwrite a series of health care information projects through 2010. Established in 1986, the Fairbanks Foundation awards grants to Indianapolis not-for-profits that research or deliver projects related to health care, community vitality […]
UPDATE: Investors sell WellPoint shares
Shares of WellPoint Inc. fell 4.7 percent this morning after the Indianapolis health insurer announced strong fourth-quarter financial performance but also said it failed to attract as many new customers as it expected. The stock was trading near $75 after closing yesterday at $78.75. The Indianapolis-based health insurer added 708,000 customers in 2007, missing its […]
Key Martinsville employer to close
Harman-Becker Automotive Systems Inc. plans to shut down its operation in Martinsville in phases this year, and close completely by next January, according to The Reporter Times. The first cuts will begin in April. The plant, which makes Infinity, JBL, Harman Kardon speakers and speaker systems, employs about 340. Last year, the company cut about […]
Holy condos! Look at Meridian Arch
One of the city’s most unique condo projects, a reuse of the former Meridian Street Methodist Episcopal Church at 802 N. Meridian St., is almost done. The first new residents of the…